you can't be sure of much from their 13-Fs. Derivatives, swaps, forex, debt, cash, commodities, and shorts aren't reported and since you don't know how much le

you can't be sure of much from their 13-Fs. Derivatives, swaps, forex, debt, cash, commodities, and shorts aren't reported and since you don't know how much leverage they use (reputed to be "a lot") you don't know how important those billions in equities are - they might be the hedges and the actual exposure is negative and the alpha is in the term structure of some derivative. of course, you did say 'just for fun' since it seems you know this stuff :)